Bajaj Finance offers 7.5% interest rate on this FD tenure: Check the latest FD rates

Bajaj Finance has hiked its fixed deposit interest rates by up to 10 bps on select tenors. These revised rates on Bajaj Finance FDs of up to Rs. 5 Cr are effective from November 08, 2022. The new rates will be applicable to fresh deposits and renewals of maturing deposits, stated a Bajaj Finance press release.

Latest Bajaj Finance FD rates
Following the change, deposits with a tenure of 36 to 60 months will provide a cumulative return of up to 7.50%. Senior citizens can benefit from FD rates that are up to 0.25% higher, which will guarantee returns of 7.75% for 36 to 60 months.

Tenor (months)	Cumulative	Non-Cumulative
		Monthly	Quarterly	Half Yearly	Annual
12 – 23	6.55	6.36	6.4	6.45	6.55
24 – 35	7.25	7.02	7.06	7.12	7.25
36 - 60	7.5	7.25	7.3	7.36	7.5

Senior citizens
Senior citizens who are above the age of 60, can now earn up to 7.85% per year for a tenor of 44 months and 7.75% per year for a tenor of 36 to 60 months, (except 44 months).
Bajaj Finance FD Rates for Senior Citizens, w.e.f. November 08, 2022

Tenor (months)	Cumulative	Non-Cumulative
		Monthly	Quarterly	Half Yearly	Annual
12 – 23	6.8	6.6	6.63	6.69	6.8
24 – 35	7.5	7.25	7.3	7.36	7.5
36 - 60	7.75	7.49	7.53	7.61	7.75

Increase in special FD Rates:
With the special interest rate, one can now select particular tenors. Customers under 60 years old can benefit from FD interest rates of 7.60% pa for a tenor of 44 months, while senior persons can earn up to 7.85% pa.

Period	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
	(% p.a.)		(% p.a.)	(% p.a.)	(% p.a.)	(% p.a.)
15 months	6.7		6.5	6.54	6.59	6.7
18 months	6.8		6.6	6.63	6.69	6.8
22 months	7.05		6.83	6.87	6.93	7.05
30 months	7.35		7.11	7.16	7.22	7.35
33 months	7.35		7.11	7.16	7.22	7.35
44 months	7.6		7.35	7.39	7.46	7.6

Senior citizen FD rates

Period	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
	(% p.a.)		(% p.a.)	(% p.a.)	(% p.a.)	(% p.a.)
15 months	6.95		6.74	6.78	6.83	6.95
18 months	7.05		6.83	6.87	6.93	7.05
22 months	7.3		7.07	7.11	7.17	7.3
30 months	7.6		7.35	7.39	7.46	7.6
33 months	7.6		7.35	7.39	7.46	7.6
44 months	7.85		7.58	7.63	7.7	7.85

Bajaj Finance rating
With CRISIL's AAA/Stable rating and ICRA's AAA (stable) rating, Bajaj Finance Fixed Deposit has the highest stability ratings and is one of the safest investment options available to investors, according to the company press release.